Are you tired of the constant pressure to justify the budget of your Marketing Campaigns? Do you struggle to demonstrate the long-term impact of your campaigns? You’re not alone. Many marketers face the challenge of securing consistent investment, often facing pressure to pause campaigns during slower periods. But what if stopping and restarting your campaigns and efforts actually hurts your overall results?
The Problem with Stop-Start Marketing
Imagine this: you’ve spent months building brand awareness and generating leads. Then, due to budget constraints or perceived low demand, your campaigns are put on hold. What happens next?
- Loss of Momentum: Your hard-earned visibility and engagement fade away. Potential customers forget about you, and your competitors gain ground.
- The Costly Restart: When you eventually reactivate your campaigns, it takes time and money to regain traction. You’re essentially starting from scratch.
- Missed Opportunities: While your campaigns are inactive, you miss out on potential leads and sales, especially if your industry has unexpected spikes in demand.
The Power of Continuous Marketing: A Case Study
We used our Marketing Mix Modeling (MMM) tool, called Morpheus, to analyze two different investment scenarios, both with an annual budget of €14 million.
- Scenario 1: Stop-Start Investment – Campaigns were paused during certain months, leading to periods of inactivity.
- Scenario 2: Strategic Investment Adjustment – The budget was strategically adjusted throughout the year, maintaining a continuous presence while allocating more resources to key periods.
The Results
Scenario 2, with the strategically adjusted investment, generated significantly better results:
- €208.16 million in revenue, compared to €163.6 million for the stop-start approach.
- This represents a €44.6 million increase (almost 30%!) with the same annual investment.
Key Takeaways
- Consistency is crucial: Even a reduced level of marketing activity is better than complete silence. Continuous exposure keeps your brand top-of-mind and maximizes the long-term impact of your efforts.
- Strategic adjustment beats stop-start: By strategically adjusting your investment throughout the year, you can maintain momentum, capitalize on opportunities, and achieve a higher return on your marketing spend.
- Don’t just guess, analyze: Tools like Morpheus provide valuable insights to optimize your marketing budget and demonstrate the value of continuous investment to stakeholders.
Some recommendations
Building Momentum with Consistent Marketing Campaigns
Think of your marketing campaigns as pushing a boulder up a hill. It takes a lot of initial effort to get it moving. Stopping and starting creates more work and makes it harder to reach the top. Continuous marketing campaigns maintain momentum, making your efforts more efficient and effective.
Long-Term Benefits of Continuous Marketing Campaigns
While immediate results are important, continuous marketing campaigns also build long-term brand equity. Consistent messaging and presence across channels reinforce your brand identity and values, leading to increased customer loyalty and higher lifetime value.
Adapting Your Marketing Campaigns Strategy
Continuous marketing doesn’t mean keeping everything static. It’s about consistently monitoring, analyzing, and adjusting your strategies based on performance data and market trends. This ensures your marketing campaigns remain relevant and effective over time.
Measuring the Impact of Continuous Marketing Campaigns
To prove the value of continuous marketing campaigns, establish clear Key Performance Indicators (KPIs) and track them over time. This could include website traffic, lead generation, conversion rates, customer acquisition cost (CAC), and return on ad spend (ROAS). Regularly analyze this data to demonstrate the correlation between consistent marketing activity and business growth. Automated Reporting Tools like Dataslayer can help you with this manual task and give you very valuable insights.
Aligning with Expert Opinions and Research
The argument for continuous marketing investment aligns with key marketing concepts and consumer behavior studies. Here’s some of the most relevant evidence:
- Adstock and Carryover Effects: The concept of adstock, used in marketing mix modeling, shows that advertising effects are not immediate or confined to the investment period. Instead, there’s a cumulative effect that decays over time. Continuous investment maintains higher adstock levels, ensuring the message remains in the consumer’s mind. (See Broadbent & Doyle, 1991)
- Consumer Memory and the Rule of Seven: Studies show consumers need multiple exposures to a message to remember and act on it, aligning with the principle of frequency in marketing. Consistent investment ensures the message reaches consumers at different times and in various mental states. (Referencing Ebbinghaus’s classic 1885 work on memory as a foundation for advertising repetition studies)
- Byron Sharp’s Research on Continuous Advertising: In How Brands Grow, Byron Sharp argues brands must maintain a continuous presence to maximize reach and mental availability. Sharp contends that intermittent advertising reduces effectiveness as consumers may forget the brand in the intervals. (Sharp, 2010)
- ROI Research: A 2016 Nielsen analysis showed that continuously run marketing campaigns tend to deliver a higher ROI than those concentrated in short bursts. Regular distribution allows for data-driven adjustments, improving effectiveness over time. (Nielsen Report on Advertising Effectiveness, 2016)
- Empirical Evidence from Market Behavior: Continuous investment allows companies to benefit from seasonal shifts in consumer behavior without needing to predict them accurately. A Harvard Business Review study highlighted that consistency in advertising campaigns improves consumers’ top-of-mind awareness. (Harvard Business Review, 2017)
Conclusion
Stop-start marketing may be a costly mistake. By embracing a strategy of continuous investment and strategic adjustments, you can achieve better results, strengthen your brand presence, and drive sustainable growth for your business.
Ready to unleash the power of continuous marketing and take your campaigns to the next level? Discover how Morpheus can help you optimize your marketing budget, predict the impact of your campaigns, and generate a higher return on investment. Visit our website and request a demo today!